Berenberg Bank Begins Coverage on Coty (NYSE:COTY)

Berenberg Bank began coverage on shares of Coty (NYSE:COTY) in a research report sent to investors on Tuesday, Marketbeat reports. The brokerage issued a buy rating and a $7.50 target price on the stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada reissued an “outperform” rating and set a $13.00 target price on shares of Coty in a report on Wednesday, February 12th. Stifel Nicolaus dropped their price objective on Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Barclays cut their price objective on Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Wells Fargo & Company lowered their target price on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Canaccord Genuity Group cut their price target on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Coty has a consensus rating of “Moderate Buy” and a consensus target price of $9.66.

Coty Trading Down 0.9 %

NYSE:COTY opened at $5.49 on Tuesday. Coty has a 1 year low of $5.35 and a 1 year high of $11.99. The business has a fifty day moving average of $6.24 and a 200-day moving average of $7.28. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of -549.00, a PEG ratio of 0.81 and a beta of 1.97.

Coty (NYSE:COTY) last announced its earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Equities analysts predict that Coty will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Several hedge funds have recently made changes to their positions in the company. State Street Corp raised its stake in Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after purchasing an additional 251,964 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Coty by 16.8% during the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock valued at $6,981,000 after buying an additional 107,014 shares in the last quarter. Barclays PLC raised its position in Coty by 147.1% during the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after buying an additional 693,961 shares during the period. TCW Group Inc. raised its position in Coty by 44.1% during the fourth quarter. TCW Group Inc. now owns 304,797 shares of the company’s stock valued at $2,121,000 after buying an additional 93,229 shares during the period. Finally, Amundi lifted its stake in Coty by 1,990,624.9% in the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock worth $30,503,000 after acquiring an additional 4,478,906 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.